ORDI

Alert

Funding spread now, next payment 20:00 UTC+0.0198%/8h

next payment, per $10,000+$0.99paid, last 24h+0.009%paid, last 3 days−0.050%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.050% in total (about -6.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.99 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ORDI_USDT	4.9290	−0.0098	get 0.0049% / 4h	2h 18m	$1.3M	$2.6M	50x
Short	Variational Omni ORDI	4.9329	0.0100	get 0.0050% / 4h	2h 18m	$24K	$58K	—

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee GatebpFee Variational OmnibpOrdersRate

Funding earned: $41.58
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $26.58
Break-even: 2.5 days

Slippage unknown: Gate: live order book, 1 min ago; Variational Omni: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.080%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 1 min ago	1.01 bp	20.1 bp −$20	140.6 bp −$1,406	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ORDI on 19 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate ORDI_USDTlong	−0.0098%	4h	$1.3M	$2.6M	50x
dYdX ORDI-USD	0.0000%	1h	$34K	$651	5x	as long as short
Injective ORDI/USDC PERP	+0.0033%	1h	$776	$52K	5.5x	as long as short
Hyperliquid ORDI	+0.0100%	1h	$918K	$533K	3x	as long as short
Aster ORDIUSDT	+0.0100%	4h	$7K	$393K	5x	as long as short
Binance ORDIUSDT	+0.0100%	4h	$10.1M	$28.6M	50x	as long as short
Bybit ORDIUSDT	+0.0100%	4h	$4.1M	$3.6M	50x	as long as short
OKX ORDI-USDT-SWAP	+0.0100%	4h	$5.5M	$15.7M	20x	as long as short
MEXC ORDI_USDT	+0.0100%	4h	$6.8M	$3.1M	200x	as long as short
KuCoin ORDIUSDTM	+0.0100%	4h	$905K	$788K	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget ORDIUSDT	+0.0100%	4h	$2.9M	$2.7M	50x	as long as short
BingX ORDI-USDT	+0.0100%	4h	—	$26.8M	—	as long as short
Variational Omni ORDIshort	+0.0100%	4h	$24K	$58K	—
SunX ORDI-USDT	+0.0100%	4h	$1K	$1.1M	20x	as long as short
HTX ORDI-USDT	+0.0100%	4h	$85K	$340K	75x	as long as short
Extended ORDI-USD	+0.0104%	1h	$5K	$172K	5x	as long as short
BloFin ORDI-USDT	+0.0123%	4h	$651K	$296K	75x	as long as short
Kraken Futures PF_ORDIUSD	+0.0194%	1h	$65K	$35K	25x	as long as short
GMX ORDI/USD [WBTC.b-USDC]	L +0.0240% / S −0.3359%	1h	$8K	—	100x	as long as short